Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 2018.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CYPZAR
The long term trend has been UP since Apr 25th, 2018 at 25.9135
The intermediate term trend has been DOWN since May 10th, 2018 at 25.1950
The short term trend has been DOWN since May 22nd, 2018 at 25.2690
Smart Scan Analysis for CYPZAR
Based on a pre-defined weighted trend formula for chart analysis, CYPZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).